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Diageo has struck a 2.3 billion dollar (£1.7 billion) deal to sell its majority stake in an East African beer business to Japanese drinks giant Asahi. The deal is the latest move by the Guinness owner ...

(Alliance News) - Diageo PLC on Wednesday said it has agreed to sell Diageo Kenya Ltd to Japan's Asahi Group Holdings Ltd for USD2.3 billion. The London-based owner of Guinness and Johnnie Walker ...

In particular, the company is selling its 100% stake in Diageo Kenya Limited, which holds 65% of EABL, including its shareholding in the Kenyan spirits business UDVK. Also Read: FIFA Club World Cup ...

A&O Shearman and Slaughter and May are in the lead advisory roles for Japanese beer and beverage maker Asahi Group Holdings's $2.3 billion business acquisition in Africa. Asahi has agreed to acquire ...

NAIROBI, Jan 7 (Reuters) - A Kenyan beer distribution firm has filed a case at Kenya's High Court seeking to block Diageo's $2.3 billion sale of its local subsidiary EABL to Japan's Asahi Holdings ...

Minority investors of listed brewer EABL have seen their paper wealth fall by Sh12.45 billion in the past four weeks.This is after the company’s share price retreated from the rally caused by the ...